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Weekly forecast Natural Gas technical chart
Symbol NGAS

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 6, 2022 - 05:38
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 6.823, resumption of uptrend is expected.
  • We make sure when the resistance at 9.650 breaks.
  • If the support at 6.823 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A peak is formed in daily chart at 9.385 on 07/26/2022, so more losses to support(s) 7.458 and minimum to Major Support (6.823) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Supports and Resistances:

  1. 9.650
  2. 8.140
  3. 7.458
  4. 6.823
  5. 5.835
  6. 5.300
Click on the level to view price action history.

Symbol Released Current Forecast
Natural Gas (NGAS) Sat, 23 Mar 2024
Natural Gas (NGAS) Sat, 16 Mar 2024
Natural Gas (NGAS) Sat, 9 Mar 2024
Natural Gas (NGAS) Sat, 2 Mar 2024
Natural Gas (NGAS) Sat, 24 Feb 2024